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Jan 30, 2013
01/13
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FOXNEWSW
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taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling and in a recession now is not the time to raise taxes. this is the worst we have been since we came out of that recession. hoping for a one-percent growth which is an nehm mick. instead of growing it's like we lost weight instead of growing weight. you run a gain rate every year. >> he is going to press for more that he canses. this is not about restructuring the sucht economy if you look at the last of the second half. every single time congresses of both taerts weather they are jqk or george w-bush. you can-- every time you raise taxes you shrink this. he's interested in the wealth r
taxes have not really gone up. we have had the bush tax cuts right now for a decades. the not stimulated the economy in the way republicans say they would. i think there's a real debate to be had here. we have to be honest about the fact that the deficit is not the immediate issue. >> what does this do to the push that the president wants and some other democrats want for more tax hikes? they want to close hoop holes which is the tax hike. the president was saying when we were struggling...
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introduced legislation this week that rewards businesses that violate obamacare by giving them state tax breaks up to the amount they will be fined for not complying with the law in the case of hobby lobby this bill would free lobby lobby of paying any state taxes in texas as long as they continue to violate obamacare. you see this goes on perfectly with other efforts to cripple obamacare including republican governors refusing to set up health insurance exchanges as mandated by the law and governors refusing to expand medicaid coverage to cover more and more people in their state so while president obama may have won the fight to get obamacare passed or may speciate how successful he'll be in getting the law implemented joining me now is someone who hopes he loses this fight dr betsy mccoy the former lieutenant governor of the state of new york and the author of the new book beating obamacare your handbook for surviving the new health care law dr mccoy welcome it's really good to have you on the show thank you so i just want to begin with saying you and i sort of agree i'm not a fan of
introduced legislation this week that rewards businesses that violate obamacare by giving them state tax breaks up to the amount they will be fined for not complying with the law in the case of hobby lobby this bill would free lobby lobby of paying any state taxes in texas as long as they continue to violate obamacare. you see this goes on perfectly with other efforts to cripple obamacare including republican governors refusing to set up health insurance exchanges as mandated by the law and...
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Jan 30, 2013
01/13
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WRC
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that's being called a hybrid tax. tomorrow hybrid drivers are going to protest, circling air cars around the capitol square here. >> that's, julie. >>> today the house education committee voted to develop a system that grades public schools on an a to f scale. that's a major part of the reform plan. lawmakers also endorsed the creation of an institution to take over failing schools. also today, a bill that would allow skills to open before labor date without state approval advanced to the floor of the house. >>> right now prince george's county neighbors are weighing in on plans to revitalize major corridors. one of the areas slated is the busy branch avenue. county planser considers -- class a office space, even a brand-new high school. the focus so communities near metro's green line. >>> people are coming to catch the subwaist, going downtown. that's basically it. they're under developed. >>> last user federal agencies said jason scott was one of the most dangerous people they had ever come across. today a judge ru
that's being called a hybrid tax. tomorrow hybrid drivers are going to protest, circling air cars around the capitol square here. >> that's, julie. >>> today the house education committee voted to develop a system that grades public schools on an a to f scale. that's a major part of the reform plan. lawmakers also endorsed the creation of an institution to take over failing schools. also today, a bill that would allow skills to open before labor date without state approval...
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Jan 30, 2013
01/13
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a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a gallon? the money mostly would go directly to repair america's critical infrastructure. while they are boating, senator bennett. >> you don't have my number. >> what is your number? 15 cents. >> let's go back just for a moment. i agree, it is really important that we deal with facts and that we deal with common facts. let me tell you about europe, as a business person. there are certain countries in europe, many of which are not in crisis, that are absolutely the last place you would ever put a new job. the reason they are the last place you would put a new job is because the rules are around
a gasoline tax is one of those options. >> a consumption tax. >> a carbon tax. howard dean is always candid. he said everybody needs to pay more tax. >> let's hear what you think about this. gasoline tax is a no-brainer. has not gone up in 20 years. i am going to put this question up for you to ask, what do you think of a gasoline tax, and remember this could happen over time, no increase in gas? 25 cents per gallon? 50 cents per gallon, seven 5 cents per gallon? a dollar a...
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Jan 30, 2013
01/13
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KQED
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now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important, not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed l
now that taxes are increased, we've got to see how they're reacting to that, but up until this point, almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is...
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Jan 30, 2013
01/13
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CSPAN2
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begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the world, the big oil behemoths? the american taxpayer is asked to provide money to big and often foreign oil companies. is keeping big oil lobbyists happy with subsidies from the american people more important than addressing our deficit? should companies and wealthy individuals be allowed to hide their money from the tax man in offshore accounts while working families pay their taxes fair and square? is protecting that tax gimmick more important than addressing the deficit? how about that carried interest trick that allows hedge f
begun to discuss tax loopholes. why should millionaires get more tax benefit against their charitable contributions than middle-class families do? why should a billionaire who builds a wing on a museum and puts his name on it get more tax bang for his charitable buck than the middle-class family who gives to their local church? is protecting that benefit for high-end charitable donors more important than addressing our deficit? how about tax subsidies to the most profitable companies in the...
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Jan 30, 2013
01/13
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CSPAN
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the top tax rate in russia -- in the u.s. went up to 39.6%. there is a flat tax in russia of 13%. better than.s. do rusher in taxes? -- russia. guest: this has been tested. "money printing will cause inflation" and it keeps not happening. don't tell me the numbers are skewed. at one point the say people have the wrong model. if you're not willing to say that, i cannot deal with that. that is something that is turning into something that is irrational. i don't think the measure of a country's success is how low the top tax rate is. would you rather live in russia or sweden? i would take sweden. we can argue. if you like to have lower tax rates at the top, tell me which social programs you want to cut. there is no evidence in our history that tax rates at the level we have are a big problem for the economy. host: comment on twitter with a question. guest: right now they are small. it's not clear there are any negatives. barring more is a good thing -- borrowing more is a good thing. that will hurt future growth, keep people unemployed for a long time. they will never get started on
the top tax rate in russia -- in the u.s. went up to 39.6%. there is a flat tax in russia of 13%. better than.s. do rusher in taxes? -- russia. guest: this has been tested. "money printing will cause inflation" and it keeps not happening. don't tell me the numbers are skewed. at one point the say people have the wrong model. if you're not willing to say that, i cannot deal with that. that is something that is turning into something that is irrational. i don't think the measure of a...
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Jan 30, 2013
01/13
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gerri: property taxes? what are property taxes like? >> low. depends on the municipality, but less than 2% so the sales tax is lower. how about no estate tax, gerri? when you talk about planning your estate, you know, give away 6% to 10% of the your money to the state, it's a big number. gerri: all right. i have to go through another graphic here because it's fascinating. we went to united lines to ask, okay, where are people leaving from? new york, new jersey, connecticut, michigan, illinois? what's the big inbounds state. dc, washington, d.c. because they have all the money. oregon, nevada, north carolina, south carolina so people are moving south. that's definitely the case. >> oh, absolutely. gerri: a quick story before we came to air saying you were able to actually nab a present for your company that you otherwise would have not been able to get if he had to move to new york or new jersey. >> that's right. he's a perfect example. the president here was a managing directer at ubs, and every day he would wake up at 4:30, and he would get to
gerri: property taxes? what are property taxes like? >> low. depends on the municipality, but less than 2% so the sales tax is lower. how about no estate tax, gerri? when you talk about planning your estate, you know, give away 6% to 10% of the your money to the state, it's a big number. gerri: all right. i have to go through another graphic here because it's fascinating. we went to united lines to ask, okay, where are people leaving from? new york, new jersey, connecticut, michigan,...
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Jan 30, 2013
01/13
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FOXNEWS
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the reach is not officially clear whether it's related to unpaid taxes or accusations that the doctor gave improper benefited to senator. just minutes ago, senator menendez acknowledged that he did indeed travel on the doctor's plane, but says they were legal, and again, staffers say that the trips were legal. on the website, the daily caller, back in november, it published an interview with hookers in the dominican republic, saying that menendez paid them for sex at the mansion. and the senator denies those claims. pleaded guilty of give $20,000 in donations. he claims that he gave that money to charity. with us now, it looks like a lot of things are part-timing up on bob. guest: it looks like things are piling up on the senator, it is illegal to travel to another country, to have sex with someone under the age of 18, even if the sexual encounter there is lawful. prostitution is lawful in the dominican republic, but not with children under the age of 16. and so age here is very important. and as you pointed out, shep, the senator denies that he patronized prostitutes without getting
the reach is not officially clear whether it's related to unpaid taxes or accusations that the doctor gave improper benefited to senator. just minutes ago, senator menendez acknowledged that he did indeed travel on the doctor's plane, but says they were legal, and again, staffers say that the trips were legal. on the website, the daily caller, back in november, it published an interview with hookers in the dominican republic, saying that menendez paid them for sex at the mansion. and the...
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Jan 30, 2013
01/13
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WJZ
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now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is that sector? >> well, to me i think housing is critically important not simply because of whole construction which obviously powers an awful lot of jobs but when you consider all the people who have been underwater for so long and they have this negative wealth effect, we talked about the fact that 401(k)s are going up. if they see house prices going up they feel an awful lot better as well. so i think this strength in the housing prices are really the most important factor out there and it's spread really across the country. not quite as strong as what's going on in some of the areas that collapsed like phoe
now that taxes are increased we've got to see how they're reacting to that, but up until this point almost everything pointed to stronger consumer spending and that i take as a positive sign. >> brown: what about just filling in a little bit more on the housing sector because those numbers came out yesterday, they look good, they were interpreted as very positive. but i note that even robert shiller himself sort of suggested that he can't read all that much into them. how important is...
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Jan 30, 2013
01/13
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CNBC
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. some people want to make friends. i'm just trying to help you make a little money. my job isn't just to entertain but to educate and teach. call me at 1-800-743-cnbc. the dow jones average is just a stone's throw from 14,000. headed to its all time high that we reached five years ago. the index which rallied 72 points along with s&p and nasdaq 52.2% is in rarified territory for certain. yet the chatter it remains skeptical. as i've said many a time, i'm never going to criticize the skepticism. i applaud it. it is a quali
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>>...
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Jan 30, 2013
01/13
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taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%. there is not a lot of momentum there. we got a boost to a consumer's income in the fourth quarter because people anticipating the higher tax rates were paying out more in compensation, more in dividends. that is going to turn around as we come into the first quarter of 2013. david: the tax increases, as i mentioned in the intro to you, even the president said, a shrinking economy or slow economy, you know what to increase taxes. that is exactly what we're doing, but on the retail and wholesale level, if you
taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%....
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strategy and he said that the tax burdens for americans will be on going. the american taxpayer is going to face higher payments for quite some years to come but remember that the bush tax cuts were only temporary and they've now been reversed for all american households who earn more than fifty thousand dollars per year now that means that each american in that income bracket is going to be paying more than a thousand dollars a year in additional taxes that kicks in from january in other words immediately so on average they're going to be paying around another eighty seven dollars per month in taxes that money to money that consumers won't have to be spending to drive the recovery now the u.s. government they want to grow to get the sixteen trillion dollar debt down now with tax is rising when wages and salaries are going down is this mission impossible. it's a very difficult square to circle isn't it i think going to take a very very long time at best it will rely on the ongoing willingness of foreign investors to lend to the united states at all time rec
strategy and he said that the tax burdens for americans will be on going. the american taxpayer is going to face higher payments for quite some years to come but remember that the bush tax cuts were only temporary and they've now been reversed for all american households who earn more than fifty thousand dollars per year now that means that each american in that income bracket is going to be paying more than a thousand dollars a year in additional taxes that kicks in from january in other words...
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Jan 30, 2013
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would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast. one that shut down the wealthiest area of the country for several weeks and caused what ultimately may be $100 billion in damage. you had the physical shutdown from the storm neatly and miserably dovetailing with the mental shutdown cause
would the alternative minimum tax snare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay....
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Jan 30, 2013
01/13
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but something like corporate tax reform. that would lower the tax rates, close the loophole an bring the $2 trillion that charles is talking about. something not simple but leadership to reduce the debt. the president hasn't shown that leadership. i was at the world economic forum in davos. turkey was there. turkey of all places got their fiscal house in order and the economy is taking off. the way the debt is right now is a drag onbe this economy. the same way it's a drag on all the advanced economies. you've got to address this. i am troubled that the mantra out of democrats is debts don't matter. >> bret: right. here is how the republicans responded. house majority whip kevin mccarthy saying that the house continuously passed legislation to grow the economy. address washington spending problem and provide responsible solutions to anemic growth that plagued the economy over the last four years. with the legislative solutions have been met with silence in the senate. he goes on to say that time for the senate and the white
but something like corporate tax reform. that would lower the tax rates, close the loophole an bring the $2 trillion that charles is talking about. something not simple but leadership to reduce the debt. the president hasn't shown that leadership. i was at the world economic forum in davos. turkey was there. turkey of all places got their fiscal house in order and the economy is taking off. the way the debt is right now is a drag onbe this economy. the same way it's a drag on all the advanced...
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Jan 30, 2013
01/13
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WRC
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they'd have to pay back taxes and pass a background check among other requirements. opponents to the plan worry that it doesn't do enough to beef up security at the border. they say millions of additional undocumented immigrants could be in this country in a few years without tighter security. >>> super bowl sunday is just around the corner and that means the big easy is boosting security throughout the city. the city of new orleans is adding 1300 federal agents and 270 extra state troopers. there will also be coast guard ships on the lower. river homeland secretary janet napolitano will hold a press conference with the nfl later today. the 150,000 super bowl fans packing the city, the police are dealing with the annual buildup of mardi gras where thousands flock to the french quarter in new orleans. >>> the number of children being diagnosed with adhd is on the rise. we'll take a look at what's causing that. >>> plus, >> announcer: you're watching "news4 midday." >>> it appears twinkies won't be going away after all. two investment firms that started the bidding to
they'd have to pay back taxes and pass a background check among other requirements. opponents to the plan worry that it doesn't do enough to beef up security at the border. they say millions of additional undocumented immigrants could be in this country in a few years without tighter security. >>> super bowl sunday is just around the corner and that means the big easy is boosting security throughout the city. the city of new orleans is adding 1300 federal agents and 270 extra state...
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Jan 30, 2013
01/13
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KGO
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted it. big flavor, big portions, starting at just $9.99. see you tomorrow. but when i cook up some beef, ketchup, relish and cheese, cover it with crescent dough and pow! cheeseburger crescent casserole. double awesome. pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >> jimmy: tonight on the program from the very funny hbo show "girls" adam driver is with us. adam plays adam on the show. and our musical gues
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted...
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Jan 30, 2013
01/13
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WMAR
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted it. big flavor, big portions, starting at just $9.99. see you tomorrow. >> jimmy: tonight on the program from the very funny hbo show "girls" adam driver is with us. adam plays adam on the show. and our musical guest tonight is currently nominated for a grammy this is their album it's called "the strange case of" halestorm is here. tomorrow night we'll be joined by magic johnson. from the new zombie romance movie "warm bodies" nicholas hoult will be here. and we'll have music from antibalas. and on thursday jennifer lawrence, katie couric, and music from tegan and sara. so join us then. [ appla
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted...
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Jan 30, 2013
01/13
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WJLA
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eye 96
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted it. big flavor, big portions, starting at just $9.99. see you tomorrow. a turkey-cheddar-bacon in the afternoon, or a tuna salad when the job is done, sandwich on your terms with any of dunkin's freshly made bakery sandwiches for just $2.99. america runs on dunkin'. nope, no. sorry, love to but can't. i'm sorry, she's very busy. enjoy the rich taste of dunkin' mocha lattes and coffees. now in dark chocolate. indulge in one today. america ruruns on dunkin'. >> jimmy: tonight on the program from the very funny hbo show "girls" adam driver is with us. adam plays adam on the show. and our musical g
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. and under 550 calories each. you have to taste it to believe it. i believe it! i can dig it! [ male announcer ] uh oh. yep, they tasted...
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Jan 30, 2013
01/13
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CSPAN2
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for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand what we're talking about and how it will impact people. the posturing and medicare is very high. in order to increase the cost is a difficult thing to do. all of these things go together. so i worry you can miss some of the problems that can happen. >> i can't help but draw a parallel to the commercial side where we have had for years efforts to try to get health care spending under control by dealing with the benefits side and inventing new benefits structures and care products and other things that would make individuals more price conscious and so forth. on the other hand, now we are d
for under 65, you have to earn before you pay any increase taxes. it doesn't make any sense. when you go into medicare, your pain to set up premiums and two sets of metadata coverage. two sets of party coverage. just for the string of monthly expenses for health care. they escalate dramatically at a time when you have probably less opportunity to increase ever come in the future. so i think we have to be very careful when we look at the beneficiary impact of changes and we need to understand...
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Jan 30, 2013
01/13
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MSNBCW
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because he's trying to do away with personal income taxes. and he wanted to eliminate hospice care for medicaid patients. so this perspective on spending that the tea party brought certainly hasn't gone away. anytime you've got 36 united states senators who voted down sandy relief a couple days ago, you know that something has fundamentally changed about the way that republicans talk about government. so i think it's too early to say that they're dead, but all the things dana points to are good signs and signs of some kind of sanity seeping in. >> and dana, maybe it's all in a name. because i think what continues on for sure is this conservative domination particularly in republican primaries. i mean, here you've got mitch mcconnell being threatened now in kentucky and next year's election from the right. >> right. and the tea party's never really been an organized political force. and i'm using that as a shorthand for the far right that's been dominating the party right now. and as i point out in the column, that force really isn't going any
because he's trying to do away with personal income taxes. and he wanted to eliminate hospice care for medicaid patients. so this perspective on spending that the tea party brought certainly hasn't gone away. anytime you've got 36 united states senators who voted down sandy relief a couple days ago, you know that something has fundamentally changed about the way that republicans talk about government. so i think it's too early to say that they're dead, but all the things dana points to are good...
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turns out you the tax payer you got a terrible deal. those details when we come back. >> plus what happens to a building when the earth be row it disappea -- below it dispier. >> welcome back. 45 after the hour. let's span the globe to see what's in the headlines overseas. money head to do the war torn country. president obama says that additional humanitarian money will be used for food and clean water. now to china. a massive sink hole swallowing up a huge building complex. that hole over 3,000 square feet and 33 feet deep. under ground construction on the subway line likely to blame. incredibly no one was hurt. >> thank you, heather. initial estimates for the taxpayers for the financial bailout at $22 million. estimates show the loss is even bigger. fox business network diane macedo has more. >> the inspector general for the asset release program says in the new report taxpayers stand to lose $27 billion from the 2008 financial bailout. 5 billion more than estimated in the fall. why the increase? according to the report the treasury
turns out you the tax payer you got a terrible deal. those details when we come back. >> plus what happens to a building when the earth be row it disappea -- below it dispier. >> welcome back. 45 after the hour. let's span the globe to see what's in the headlines overseas. money head to do the war torn country. president obama says that additional humanitarian money will be used for food and clean water. now to china. a massive sink hole swallowing up a huge building complex. that...
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so let's give the money back to the people who paid the taxes. what an idea? rather than, as is typical in many state houses and in our federal government, if off bunch of money left over at the end of the year, they're going to blow it anyway. instead, what they're saying in texas is this. listen. >> the state of our state is stronger than ever. you have realized a simple truth. the bureaucracy doesn't stimulate the economy. it just gets in the way. today i'm calling for a mechanism to be put into place so that when we do bring in more than we need, we'll have the option of returning tax money directly to the people who paid it. >> steve: that's great. >> gretchen: it was actually amazing since most states are so cash strapped that they're actually thinking about filing for bankruptcy. the idea that texas, that has no state income tax, would be in the situation. there are other articles written saying that governor perry doesn't have this kind of money to give back to the taxpayers, but that's what he's saying. >> brian: he says a portion will be tax relief,
so let's give the money back to the people who paid the taxes. what an idea? rather than, as is typical in many state houses and in our federal government, if off bunch of money left over at the end of the year, they're going to blow it anyway. instead, what they're saying in texas is this. listen. >> the state of our state is stronger than ever. you have realized a simple truth. the bureaucracy doesn't stimulate the economy. it just gets in the way. today i'm calling for a mechanism to...
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. >> the voters here in santa clara county approved a one eighth sales tax in november. that helps us. the academy economy is coming back. >> he hopes to lead the supervisors. >> the nonprofit care sharing organization is expanding adding three wheelchair accessible mini vans in to its fleet. the organization received a grant to purchase the additional vehicles. >> it has allowed people to get away at an affordable price. it has allowed people to go and do things with their families when they've never had the opportunity to do it. >> these new vans can hold up to two people using wheelchairs and up to three more passengers. they're available to city share members. >>> animal college reporting a staggering number of bird deaths today. they say new research shows that cats kill between 1.4 and 3.7 billion birds a year even more small mammals. the estimates are much higher than previous estimates and could account for 15% of the total bird population. bird and cat lovers have clashed for years over outdoor cats being allowed to roam freely. >> part of a huge stash of gold c
. >> the voters here in santa clara county approved a one eighth sales tax in november. that helps us. the academy economy is coming back. >> he hopes to lead the supervisors. >> the nonprofit care sharing organization is expanding adding three wheelchair accessible mini vans in to its fleet. the organization received a grant to purchase the additional vehicles. >> it has allowed people to get away at an affordable price. it has allowed people to go and do things with...
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the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark zuckerberg talk about mobile. he really, you know, he kicked off the call emphasizing this was a really big year for mobile. emphasizing the fact now more people are using facebook on mobile every day than they use facebook on the desk top. he did acknowledge this was hard for facebook to navigate but they have sort of figured that out with apps and advertising. that we have a strong foundation and a lot of momentum. so, it is really interesting. he understands that mobile is really what facebook is all about now. just a couple of quick words about those numbers, facebook did beat on the top and bottom
the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark...
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to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy, it is about people. >> reporter: mr. obama described a similar bipartisan plan in the senate as encouraging, but republicans are also warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest pathway to green card possible, this won't go well, folks. >> reporter: after winning 17% of the latino vote, the president is okay pressuring republicans. >> if congress is unable to move forward in a timely fashion, i will send a bill based on my proposal and insist that they vote on it right away. >> reporter: among those moves for the reform, they came to the u.s. illegally 13 years ago from mexico city. visiting at home with them in california, their 22-year-old daughter can't imagine life outside the u.s. >> spent more than half my life here. i would not have the first idea of how works back in my country. >> folks forget most of us used to be
to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy, it is about people. >> reporter: mr. obama described a similar bipartisan plan in the senate as encouraging, but republicans are also warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest pathway to green card possible, this...
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. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator rubio has been able to persuade so many people on the right and some -- he's a tea party favorite that this is the time to get it done, and i think from the president's perspective it's key to his legacy to his second term agenda. uma: on the other side of this, from the g.o.p. if they do get a deal done this will hopefully operate door for more hispanics to take a second look at the g.o.p. >> absolutely. what bothers me. we are on a fast track. how much will this cost. how much will we add to medicare. social security, food stamps and so on. we will ram this through likely did with healthcare and three years f
. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator...
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they say the increase in the payroll tax has dampened consumer sentiment. u.s. share prices are rising as investors expect an economic recovery. but the focus now is what impact the increased pessimism will have on personal spending, which accounts for 70% of u.s. gross domestic product. >>> officials at royal philips electronics in the netherlands will sell their audiovisual equipment division to a japanese firm. they want to take a step back from consumer electronics and focus on their medical and health-related business. the philips division makes products like video decks, portable music players, and headphones. japan's funai electric is set to acquire it by the end of this year. officials of the two firms say they made a deal for 150 million euros. that's over $200 million. philips officials have also spun off their television business to a joint venture with a taiwanese firm. now, funai electric plans to maintain the philips brand and expand sales to emerging economies in asia and south america. >>> one of japan's major oil wholesalers will join forces wit
they say the increase in the payroll tax has dampened consumer sentiment. u.s. share prices are rising as investors expect an economic recovery. but the focus now is what impact the increased pessimism will have on personal spending, which accounts for 70% of u.s. gross domestic product. >>> officials at royal philips electronics in the netherlands will sell their audiovisual equipment division to a japanese firm. they want to take a step back from consumer electronics and focus on...
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two how the vatican built a secret property empire using mussolini's millions purposely used offshore tax havens to create five hundred million pound international portfolio featuring real estate in the u.k. france and switzerland but max they discovered that the church's international portfolio has been built up over the years using cash originally handed over by mussolini in turn for papal recognition of the italian fascist regime and one nine hundred twenty nine so in terms of asos and plans for killing off the old people essentially who is going to be the one that blesses there you know. not going to be jesus. jesus no no part of that the buddha. jesus checked out of the catholic church alone they do because of the in bed with the if ashes to spend they are part of long well this is the thing we're going to cover this actually they don't want to get an expert on this but they own huge swathes of london using mussolini's money who mussolini paid them this seed money. in exchange for blessing his fascism but this is what the rats chooses sunline what he sounds angry . i state there were
two how the vatican built a secret property empire using mussolini's millions purposely used offshore tax havens to create five hundred million pound international portfolio featuring real estate in the u.k. france and switzerland but max they discovered that the church's international portfolio has been built up over the years using cash originally handed over by mussolini in turn for papal recognition of the italian fascist regime and one nine hundred twenty nine so in terms of asos and plans...
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higher taxes appears to be hurting consumer confidence. a new survey find it is plunged to the lowest level in more than a year. part of the problem here, the hike in social security taxes that is leaving americans with less take-home pay. >>> home prices jumped 5.5% in november. the latest data available compared to a year ago. it's the biggest annual increase in six years. of the 20 cities surveyed, phoenix saw the biggest price jump of 23%. new york was the only city to report an actual drop in home prices from a year ago. >>> and apple coming out with an ipad which has more memory. the full size model going on sale a week from today will have 128 gigs of memory. that is up from 64 gigs. nothing else, though, has changed so it will remain a fourth generation ipad. the memory increase does not apply to the ipad mini. i know you're going to run out and get one, mike. >> does it have a newer, sharper camera? >>> 6:06. we're in for another mild, windy day. howard will explain it all in a few minutes. >> talk of gun control will fill the hal
higher taxes appears to be hurting consumer confidence. a new survey find it is plunged to the lowest level in more than a year. part of the problem here, the hike in social security taxes that is leaving americans with less take-home pay. >>> home prices jumped 5.5% in november. the latest data available compared to a year ago. it's the biggest annual increase in six years. of the 20 cities surveyed, phoenix saw the biggest price jump of 23%. new york was the only city to report an...
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>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to the consumers, build some of the fulfillment centers there and offer some of the amazon conveniences. >> and i think amazon is actually behind some sort of a compromise that would bring you revenue on a per state basis at least. >> right. it is going to affect the bottom line ultimately. >> it -- i think so. i think that there's a lot of areas in investment i think for amazon below the gross profit line. i think we focus a lot, investors focus a lot on that story. but i think when you think about the investments that they're doing on their web services side, all the dna that gets associated with that, that is -- you kno
>> the tax issue. >> the tax issue -- >> the -- the sales -- online sales tax. >> california and texas were hit this quarter. it could have played a role and probably did because u.s. revenues were lighter than international. i think for the most part there's a tradeoff. i think as they don't have to worry about violating the statute which is the no presence. and when they go down the path of actually charging sales taxes, that does mean they can actually move closer to...
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he spoke in el paso, he said they need to pay tax. when he spoke today in las vegas, he said they need to pay taxes. when he spoke in el paso, he said they will need to pay a penalty. when he spoke in el paso, he said they would need to pay a fine. so penalty changed to fine. but other than that, yeah, the whole diagnosis of the problem, the whole proposal for how to fix the problem, the economic and social argument for why we need to fix the problem is the exact same for president obama today as it was in 2011. and frankly, that it was before that from him. what has changed is his political assessment, that what he wanted for the country before but he could not get, now he is going to get. now it is possible. policy-wise, he has stayed in exactly the same place for all of this time. what has moved is the republicans. >> now the good news is that for the first time in many years, republicans and democrats seem ready to tackle this problem together. at this moment, it looks like there is a genuine desire to get this done soon. and that
he spoke in el paso, he said they need to pay tax. when he spoke today in las vegas, he said they need to pay taxes. when he spoke in el paso, he said they will need to pay a penalty. when he spoke in el paso, he said they would need to pay a fine. so penalty changed to fine. but other than that, yeah, the whole diagnosis of the problem, the whole proposal for how to fix the problem, the economic and social argument for why we need to fix the problem is the exact same for president obama today...
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to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy. it's about people. >> reporter: mr. obama described a largely similar bipartisan plan in the senate as encouraging, but republicans are already warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to green card possible, this thing is not going to go well, folks. >> reporter: still, after winning more than 70% of the latino vote last november, the president's senior advisers say the white house is more than comfortable publicly pressuring republicans. >> and if congress is unable to move forward in a timely fashion, i will send up a bill based on my proposal and insist that they vote on it right away. >> reporter: among those moved by the promise of reform, luis and maria berahas, who acknowledge they came to the u.s. from mexico city 14 years ago. visiting from their home in california, their 22-year-old daughte
to earn citizenship by paying taxes and passing a background check, among other requirements. >> this is not just a debate about policy. it's about people. >> reporter: mr. obama described a largely similar bipartisan plan in the senate as encouraging, but republicans are already warning the president that there are limits to their willingness to compromise. >> if this endeavor becomes a bidding war to see who can come up with the easiest, quickest and cheapest pathway to...
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. i'm here with daphne oz, a model of healthy habits. so daphene, do you eat activia. i do it's always in my fridge. and you know activia isn't just for minor digestive issues. exactly, it's also important for my overall well being because it helps regulate my digestive system. and when you feel good on the inside, it shows on the outside! whether at work, with friends, on a special night, or just enjoying an activia. shine from the inside out with activia. ♪ dannon >>> back now at 8:11 with "today's" professionals, star jones, donny deutsch and dr. nancy snyderman here to weigh in on the day's hot topics. let's get right to the volkswagen super bowl ad. some people think this crosses a line, that it's offensive. take a look. >> i hate mondays. >> yeah, they're the worst. >> no worries, man. everything will be all right. yeah, man. oh, do
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. i'm here with daphne oz, a model of healthy habits. so daphene, do you eat activia. i do it's always in my fridge. and you know activia isn't just for minor digestive issues. exactly, it's also important for my overall well being because it helps regulate my digestive...
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now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in the grow impact. >> let's bring you in, as well, jane. the europe doesn't care, up 135, the highest since december, 2011. >> you look at spanish data, perhaps it's not so surprising that we're getting bad spanish data. perhaps it's surprising that we see yields come down. greek yields below 10%. the market is on its risk appetite high. almost the bad news and there is plenty of it has been disregarded in the market's current move. for instance, the imf forecasts last week. they revised lower for the world. at the end of last year, the ocd -- >> is there a sense that the worse the data gets, the clo
now the question is, if we need to rein in our growing economy and how to do it if the tax increase is enough for the consumer, it's enough for the companies in our country. really, in fact, the only way that we call -- again to grow in this next month will be the open of the credit crunch. really we have in this moment. we believe that the banks start again to give money, to give loans to the families and to give loans to companies, to call, again, a stop to working in the growing sense. in...
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >>> good morning i am megan prink especially. >> i am charley crowson. -- pringle. >> i am charley crowson. john lee poll could lose his job. a request will be made the county council introducing a bill to have him remove from office. council members will vote on monday. >> if your commute tax you towards landover be prepared for some major delays because crews are still cleaning up a big accident involving a tractor trailer suv and a fire truck that happened on 495 near route 50 early this morning. 7 people were rushed to the hospital including four firefighters. only one in each lane of direction is getting by. so let's find out how that is moving along and t
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >>> good morning i am megan prink especially. >> i am charley crowson. --...
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business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense stocks reacting to the 22% reduction in defense spending by the government in the fourth quarter? jane wells has details in l.a. jane? >> tyler, defense spending down. after reporting descent guidance and returning lots of cash to investors, saying quote i can't recall a time of greater uncertainty. raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. pentagon spending, as you can see, never 22%. cuts included 43% cuts to ships. 90 percent in weapons support. but look, 64% jump in missile spending. good f
business investments going and will consumer be hurt by payroll tax hikes. probably the best way to think about the economy now. you get there by averaging stronger than expected growth in third quarter. what's clear, is this report, think of it as the ghost of christmas future. if you cut back an gov spending, it mathematically approaches. it sets the stage and uncertainty associated with it for better growth in the future. tyler? >> steve, much to think about there. how are defense...
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we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >> live, and in hd, this is an abc 7 news update. good morning at 7:26 and as wednesday, january 30. a jury meeting today to sentence for a officer,lpeper police shooting deathe unarmed woman. jurors found the officer guilty manslaughter and other charges. he testified that he fired in self-defense. an overnight crash is causing traffic problems on the capital beltway. seven people including four firefighters were hurt when this trailerck and tractor collided on the elderly just off route 50. newschannel 8 is covering this depth reporte an in- in a few minutes. let's check in with jamie whitten. we are over had with newschopper7. there was a water main break at
we know and we understand... tax laws, tax theories. this is my dream job. this is my favorite thing in the world to do. i've done 25,000 tax returns. you might say i've had some experience. i will back you up. bring it on. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep moving. stayfree. >> live, and in hd, this is an abc 7 news update. good morning at 7:26 and as wednesday,...